COLOSSAL FINANCE ─── CAPABILITIES / CONSTRUCTION & DEVELOPMENT FUNDING
─── CONSTRUCTION & DEVELOPMENT FUNDING · TYPICALLY GOLD
Progress payments wait for no one.Neither should your facility.
Construction and development funding is where structural sophistication has the highest leverage. The wrong facility structure can compound delays, blow margins, and constrain future projects. The right structure is invisible — it just lets the project run.
─── WHEN THIS MATTERS
You might be here because…
You're moving from contractor to developer.
The first development is the most dangerous. Structures that work for contracting don't work for development. Cost-to-complete, progress payments, presales, and end-debt all need to be modelled before the dirt moves.
Your project pipeline is bigger than your facility allows.
Successful developers outgrow their initial lenders. Scaling requires lenders who can fund larger projects, faster drawdowns, and more flexible presales requirements.
You're funding a complex or non-standard project.
Mixed-use developments, build-to-rent, specialist commercial — these projects often fall outside mainstream lender appetite. Specialist construction lenders and private credit can engage where banks won't.
─── HOW WE STRUCTURE IT
Construction funding is a sequence, not a single facility.
Land acquisition, construction debt, end-debt or sales-back — each phase needs its own structure. Getting the sequence right means the project funds itself through completion. Getting it wrong means margin calls, drawdown delays, and stress.
Land vs construction vs end-debt
Different lenders, different structures, different appetites. The right structure aligns each phase with the right lender and the right facility type.
Presales structures
Presales requirements vary dramatically between lenders. Major banks typically require higher presales coverage. Non-bank construction lenders can fund with lower or no presales — at the right pricing.
Cost-to-complete management
The most common construction funding failure is running out of cost-to-complete. We model contingency aggressively and structure facilities that protect against the unexpected without paying for unused capacity.
─── THE LENDER LANDSCAPE
Construction lending is a specialist market within a specialist market.
The major banks have retreated from significant areas of construction funding over the past decade. The market is now dominated by specialist non-bank construction lenders, private credit funds, and family office capital — each with distinct appetites and pricing.
Major Bank Construction Divisions
Best for established developers with strong track records, lower-risk projects, and higher presales. Conservative LVRs. Slowest decisioning.
Specialist Construction Lenders
Best for mid-market developments and growing developer track records, with faster turnaround. Higher pricing offset by structural flexibility.
Private Credit Construction Funds
Best for larger projects, complex structures, and lower presales requirements. Highest cost of capital, broadest appetite.
Family Office Capital
Best for specialised projects, build-to-rent, and long-term hold structures. Bespoke terms, partner-like engagement.
─── CASE STUDY
Facility Size
$14.2M
Structure
Mixed-use development facility
Sector
Property development · Queensland
Timeline
Structured in 8 weeks
Engagement
Gold
Brisbane mixed-use development facility.
A Brisbane-based developer had identified a mixed-use site in an emerging precinct with strong feasibility but limited presales viability due to the precinct's early stage. Major bank construction lenders required 80% residential presales coverage — unachievable at the project's location and stage.
We structured a $14.2M construction facility with a specialist non-bank construction lender, requiring only 50% presales coverage with the balance secured by the developer's track record and a structured equity contribution. The facility included extended drawdown periods and integrated end-debt for unsold stock.
Construction completed on time and within budget. Final sales settled within four months of completion. The developer engaged us on their next project before the facility was fully discharged.
─── WHAT IT LOOKS LIKE WITH US
What it looks like with us.
Feasibility and structure review
Reviewing project feasibility, cost-to-complete, presales strategy, and capital structure.
Lender shortlist and modelling
Identifying lenders with appetite for the specific project type and modelling structure options.
Facility negotiation
Curated lender engagement, prepared documentation, negotiated terms and drawdown schedule.
Construction phase support
Ongoing facility management through construction phase. Coordination with builders, valuers, and quantity surveyors.
Discuss a construction facility.
Start with a conversation about your project, its feasibility, and the funding structure it needs to run cleanly through to completion.